decisionhealth Newsletters, Answer Books - 2009 Issue 1 (January)
Practice Management / Net collection percentage
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Article Overview
This article explains a practice management measure focused on collection performance and how it is generally calculated. It is intended for billing, revenue cycle, and practice management readers who want a high-level understanding of the metric, its components, and why it is used to evaluate financial performance.
Why This Topic Matters
Net collection percentage is a common revenue cycle indicator that helps practices understand collection efficiency and identify gaps between charges, write-offs, and actual payments. It matters for monitoring financial health and comparing collection performance over time.
What You Will Learn
- What net collection percentage measures in a practice management setting
- The broad components involved in the metric
- How this type of financial performance measure is generally framed in revenue cycle reporting
- Why the measure is useful for evaluating collections
Who Should Read This
- Practice managers
- Medical billers
- Revenue cycle staff
- Coding and reimbursement professionals
- Healthcare administrators
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